BetOnMarkets Daily Market Report (11th September)

Morning Report: 08.30 London

• This morning trade balance data is the main focus for the day as we await tomorrow’s German constitutional court ruling on the euro bailout. The US trade deficit is expected to widen, a data point that could lead to more speculation on the possibility of more Quantitative Easing.

• There is a softer tone to trading today, with S&P 500 futures indicating a lower open.

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On currencies, the euro continues to give back some of Friday’s gains, especially against the British pound.

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• Dollar pairs are mixed. The NZD/USD and gold are showing small increases, while the AUD/USD is dropping slightly this morning.

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Summary:
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• Coming up today we have UK trade balance data at 09.30, with a lowering of the deficit expected. Canadian trade balance figures follow.

• Canadian trade balance figures follow at 13.30, with US figures released at the same time.


Bet Idea:

• The USD/CAD has continued to push lower, with the Canadian dollar looking over stretched compared its Southern neighbour. With major trade balance data due out today, we could have the right conditions for a start of a rebound.


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A good way to play this might be a HIGHER
trade predicting that the USD/CAD closes above 0.9900 in 30 days for a potential return of 352%. 

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not
financial advice. 

Summary:

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